EU supports COP27 call to phase down fossil fuels

The European Union supports a call by India to phase down fossil fuel use as part of a COP27 deal, the bloc’s climate policy chief Frans Timmermans said yesterday, provided it does not weaken previous agreements on reducing the use of coal.

India, the world’s second-biggest buyer of coal, wants countries to agree to phase down all fossil fuels at the UN climate summit in Egypt, rather than a narrower deal to phase down coal that was agreed at COP26 last year.

“We are in support of any call to phase down all fossil fuels,” Timmermans told a news conference.

“But we also have to make sure that this call does not diminish the earlier agreements we had on phasing down coal, so if it comes on top of what we already agreed in Glasgow, then the EU will support in this proposal.”

Timmermans’ comments come even as the EU ramps up its quest for coal and natural gas in the near term to counter an energy supply crunch triggered by high demand and supply disruptions since Russia’s invasion of Ukraine.

The proposal could benefit India by easing the global focus on its coal use, but is also likely to face stiff opposition from developing countries with rich oil and gas deposits that want to avoid language limiting their use.

“We have come out strongly to indicate that we should be facilitated to sustainably explore our oil and gas resources,” Irene Batebe, permanent secretary at Uganda’s energy ministry, told Reuters.

“For us, and that’s the African Union’s position, we wouldn’t be pushing for a phase down, unless the phase down is clearly defined, because many of us are discovering new resources,” Batebe said.

Saudi energy ministry official and COP27 negotiator, Khalid Abuleif, said his country, the Organisation of the Petroleum Exporting Countries’ biggest producer, was worried the final talks would “demonise” the fossil fuel industry.

India was among the countries resistant to efforts to eliminate coal at last year’s climate talks in Glasgow when the final deal at the last minute dropped wording calling for a phase out of coal-fired power, replacing it with phase down.

Timmermans said the EU was not seeking to dictate a country’s investment plan but wanted to send a warning on investing in fossil fuels.

“I’m not telling African countries not to invest in fossils, let me be very clear about that.

I’m just telling them ‘be careful what you do’ because if you invest in coal now, you’re sure to create stranded assets. If you invest in oil, you’re probably going to create stranded assets,” he said.




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